Green Investment Bank: our first birthday

01 Nov 2013



It's one year since we became fully operational. We're now fully up and running and investing.

Here are some of the highlights that show our business model is working:

  • Over £700m committed mobilising a further £2bn in private sector finance
  • 21 projects backed
  • Invested in all our main sectors and in every part of the UK
  • Backed a large scale NHS energy efficiency project, saving the local Trust £20m
  • Invested in 30% of the UK's offshore wind capacity
  • First ever minority refinancing of an offshore wind project
  • Financed Northern Ireland's largest waste wood power plant
  • Supported the listing of the UK's first renewable energy infrastructure fund
  • Financed the UK's first large scale coal to biomass conversion
  • Closed the funding gap for a new high-technology waste plant that had been stuck for 4 years
  • Produced enough renewable electricity to meet energy needs of 2,500,000 homes
  • Cut CO2 emissions equivalent to taking 1,000,000 cars off the road